Brexit: Implications for infrastructure

Brexit: Implications for infrastructure

Also on KPMG.com

Britain’s construction industry will probably be one of the worst affected by the Brexit vote. But is it all doom and gloom?

In the immediate aftermath of the Brexit vote, construction output has fallen at its fastest pace since 2009. Although it did bounce back in August, we can expect that in the coming months and possibly two years, just like the UK government, the construction industry will go through significant challenges.

However, Richard Threlfall, Head of Infrastructure, Building and Construction KPMG in the UK, outlines why a fall in the pound and industry pressures will accelerate acquisition opportunities in this industry.

Highlights:

UK construction is very domestic, fragmented, inefficient and ripe for consolidation

Existing government-led programmes, especially in highways and rail are likely to continue as planned